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Nifty levels - Apr 28, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty Analysis EOD - April 25, 2025🟢 Nifty Analysis EOD - April 25, 2025 🔴 "Inside Bar Alert — Calm Before the Storm"… And Then the Storm Hit! 📊 Market Recap: A Walk? No. A Sprint Downhill! As we noted in yesterday’s report, the Inside Bar setup was hinting at a possible breakout—today, it delivered that breakout with thunder and lightning. And if you blinked, you probably missed it. Nifty opened at 24,289, looked like it might test bullish waters by attempting PDH twice within the first 15 minutes, but the sellers were just getting warmed up. What followed was a merciless 400-point drop in just 30 minutes, slicing through level after level like a knife through butter. Zone after zone fell like dominoes: CDO CPR Zone PDH S1, S2, S3, S4 24,225, 24,188 200 SMA at 24,052 24,000 ~ 23,951 Zone Virgin Zone 23,905 ~ 23,872 Absolutely brutal sell-off. No mercy. No pause. Just raw momentum to the downside. 🕯️ Daily Candle Structure: Long-Legged Bearish Today’s daily candle adds a strong bearish tone to the chart: Open: Flat to Mild Gap-Up High: 24,365.45 Low: 23,847.85 Close: Deep in red Despite a small attempt at recovery near the lows, buyers couldn’t even regain the opening level. What’s left is a long-legged bearish candle, indicating volatility, intraday recovery attempt, and bear dominance. 📌 This type of candle often signals distribution or exhaustion, especially when it appears after a long rally. If the next session continues the bearish move, this might be the start of a short-term correction. If we get a bullish bounce, then today’s low may act as a temporary support. 🔍 Recalling the Setup: We previously observed a Hanging Man on April 23, signaling a possible reversal. Then, the Inside Bar formed on April 24—a classic setup for a breakout. ✔️ Our expectation: 1x Mother Bar Range as a move ✔️ Bias: Slightly Bearish due to the Hanging Man and overall overextended rally ❌ Expectation: Didn’t expect this much bloodshed this fast! 📌 Gladiator Strategy Update ATR: 347.27 IB Range: 405.4 (Extra Large IB) Market Structure: Balanced 🎯 Trade Highlights: No System Trade: Setup didn’t align with risk management rules Additional Trade (Discretionary Contra): Long Entry Triggered at 12:35 PM ✅ Target Achieved: 1:3.7 Risk-Reward 📉 Index Performance Snapshot: Nifty 50: -207 Points (-0.86%) Bank Nifty: -537 Points (-0.97%) Nifty 500: -332 Points (-1.5%) Midcap: -1399 Points (-2.5%) Smallcap: -416 Points (-2.45%) Midcaps and smallcaps took the biggest hit, showing broad-based weakness across the market. 📌 Key Levels to Watch 📍 Resistance Zones: 24,050 24,120 24,190 ~ 24,225 24,330 ~ 24,360 24,480 ~ 24,540 24,800 📍 Support Zones: 24,000 ~ 23,950 (Immediate) 23,820 23,710 ~ 23,660 23,500 23,410 ~ 23,370 23,215 🧭 Final Thoughts: "The storm doesn't announce itself with thunder—it begins with silence. Yesterday was silent. Today was the thunder." The Inside Bar setup has played out, but now eyes are on whether we get follow-through selling or a relief bounce. The next session’s first 30–45 mins might give a clue. ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Nifty Spot Daily Trend Analysis from April 25, 2025Technical Outlook: Nifty Spot is approaching a potential resistance near the Gann 720° level at 24,539. A minor correction appears likely, and we are currently awaiting short signal confirmation from one of our proprietary indicators. Should a decline occur, the index may find support around the Sine Wave level of 23,398. A break below this level could suggest a continuation of the bearish momentum. At present, most indicators are still trending upwards. However, the bar formations on the chart hint at a possible reversal. Once the MastersSignal confirms a short setup, we will reassess confluence around the Gann 720° value to strengthen conviction. Disclaimer: This is my personal technical view. Traders should conduct their own analysis and implement strict risk management before initiating any trades.
NSE:NIFTYShort
by Mastersinnifty
Nifty has hit a channel top with geopolitical events unravellingNifty was swiftly recovering after the Tariff war induced fall. On technical front Nifty has hit a channel top In the hourly line chart. Chanel tops are not easy to conquer and we saw Nifty retrieving today from there. Adding pressure to the rally is the Geo-Political situation after the Dastardly Pahalgam Terrorist Attack. If there is any action by India like Balakot (Swift and fast) any way it will be denied by Pakistan so nothing much will happen to Index. If there is only Political/Geopolitical long term steps taken again it will have less effect on the market. Market may decline drastically only if there is a full blown war between the 2 countries or more than 2 countries. (Possibility of that happening is less but we never know). Not much is in our hand if such a scenario arises. FIIs were seen buying big today so that is something to watchout in the coming days. Technical Supports for Nifty remain at: 24096, 23882 (Mother Line Support), 23800 and 23316 (Father Line Support). (Mid channel support is also around 23300) so this zone presents a strong support zone. Technical Resistances Remain at: 24335 (Major Channel Top Resistance), 24504, 24656 and 24785. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
2
Nifty Analysis EOD - April 24, 2025🟢 Nifty Analysis EOD - April 24, 2025 🔴 Inside Bar Alert—Calm Before the Storm? 📊 Market Recap: Nifty opened at 24,284, marking a Gap Down of 51 points (-0.21%) from the previous close. The day began on a surprisingly calm note, but that didn’t last long. Within just 15 minutes, Nifty spiked over 100 points, rushing toward PDH (Previous Day’s High)—only to reverse sharply in the next 15 minutes and create a new intraday low. 📉 This wild back-and-forth action in the first hour was nothing short of a nightmare for intraday traders—especially those trying to catch a trend early. If anything, scalpers might’ve had the best time, capitalizing on the swift movements in both directions. For the remainder of the session, Nifty oscillated within the CPR zone, with a few false breakout candles that quickly retraced. The structure remained range-bound, indecisive, and tricky to navigate. 📅 Expiry Day Check: Deja Vu, Minus the Volatility If we set aside the unusually directional move of April 17th expiry, today looked like a textbook expiry day, much like the past 10 before it: Movement hugging VWAP Small false breakouts on either side No follow-through Today’s range: 132 points Avg range of last 10 expiries: 192 points This time, however, the volatility was muted, despite early session fireworks. 🕯 Daily Candle Structure: Inside Bar + Shooting Star On the Daily chart, today’s price action has formed a bearish Shooting Star–like candle, but here’s the kicker—it’s also an Inside Bar setup. 📌 What’s an Inside Bar? An Inside Bar pattern occurs when today’s high and low are completely within yesterday’s range (the “mother bar”). This signals consolidation or indecision, and often precedes a strong breakout. 📖 How to trade it? Wait for a decisive breakout above the mother bar high or below the mother bar low. Add confirmation with volume surge to gauge the strength of the breakout. 👉 Remember: The Inside Bar doesn’t predict direction—it just tells you a move is brewing. 📌 Gladiator Strategy Update ATR: 328.34 IB Range: 108.40 (Small IB) Market Structure: Balanced 🎯 Trade Highlights: No Trade Opportunity Presented — The structure didn’t offer any valid setups within strategy rules. 🧠 Index Performance Snapshot: Nifty 50: -82 Points (-0.34%) Bank Nifty: -168.65 Points (-0.30%) Nifty 500: -57 Points (-0.26%) Midcap: -71 Points (-0.13%) Smallcap: -6 Points (-0.04%) 📌 Key Levels to Watch 📍 Resistance Zones: 24,330 ~ 24,360 24,480 ~ 24,540 24,800 📍 Support Zones: 24,190 ~ 24,225 23,950 ~ 24,000 (Immediate) 23,820 23,660 ~ 23,710 23,500 23,400 ~ 23,430 23,200 ~ 23,190 🧭 Final Thoughts: "Inside Bars are like market whispers—subtle, quiet, but worth listening to. The next breakout might just surprise you." ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Nifty levels - Apr 25, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty--Demand Zone and Liquidity @23400 Nifty index is broken the strong resistance at 23800 levels and taken the liquidity at 24220 levels... now price action is sideways or trading in a range bound market. expecting some pullback for further continuation.... wait for buyers exhaustion before short... we have a clear demand zone at 23400 levels... when price confirms the bullishness here, after the liquidity grab below the demand will observe a strong up move again... there are bullish gaps @22800 levels...price has to give pullback for further upside move... the above one is a clear buying plan for the targets of 24800 and 25200 liquidity. --->>still we have no sign of bearishness is seen in Nifty.
NSE:NIFTY
by IIT-Trader
1
24 April Nifty50 trading zone prediction #Nifty50 #option trading 99% working trading plan 👉Gap up open 24382 above & 15m hold after positive trade target 24483, 24570 👉Gap up open 24382 below 15 m not break upside after nigetive trade target 24233, 24120 👉Gap down open 24233 above 15m hold after positive trade target 24382, 24480 👉Gap down open 24233 below 15 m not break upside after nigetive trade target 24120, 24000 💫big gapdown open 24120 above hold 1st positive trade view 💫big Gapup opening 24483 below nigetive trade view Trade plan for education purpose I'm not responsible your trade More education follow & support me
NSE:NIFTYShort
by mayuraj_820
Nifty Analysis EOD - April 23, 2025🟢 Nifty Analysis EOD - April 23, 2025 🔴 "Hanging Man Candle on Bullish Trend—Pause or Plot Twist?" 📊 Market Recap: As anticipated from the ongoing bullish structure, Nifty opened with a strong Gap-Up at 24,357, adding +192 Points (+0.79%) to the charts. However, what looked like a continuation day quickly turned cautious. The initial candle marked the day’s high (Open = High scenario, nearly exact) and started a gap-filling move, pushing prices back to CPR. The market respected CPR as a support, then moved back towards its mean (VWAP) where the PDH + R1 zone resisted price action effectively until 1 PM. Post that, Nifty finally broke out, sustained above the zone, and closed at 24,300—still holding gains despite a red candle, which visually seems bearish but technically closes above VWAP + PDH. Hence, a hidden bullish undertone remains. 🕯 Daily Candle Check: Is It a Hanging Man? A textbook Hanging Man candle appears to have formed on the Daily Chart—a bearish reversal pattern that shows potential weakness at the top of a rally. 📌 Candle Stats: Body: 28 points Lower Shadow: 209 points Upper Shadow: 2 points Shadow-to-body ratio: 209 / 28 = 7.4x ✅ Trend Context: Yes, uptrend present ✅ Candle Structure: Meets all parameters 👉 Verdict: Confirmed Hanging Man Candle This hints that selling pressure is gradually creeping in while buying strength might be exhausting. But a Hanging Man alone isn't a trade trigger—confirmation is key. So we watch tomorrow’s session to decide whether it’s just a pause or a trend shift. 📈 Intraday Insight: Head & Shoulders Pattern During the session’s consolidation and bounceback phase, a Head & Shoulders pattern played out intraday with its target being 24,300—achieved successfully by EOD. 🔍 Pattern Recap: This bullish reversal structure shows three dips, with the central one (head) being the deepest and two shallower ones (shoulders). A break above the “neckline” confirmed bullishness—supporting the rebound above VWAP. 📌 Gladiator Strategy Update ATR: 350.19 IB Range: 94.75 (Small IB) Market Structure: Imbalanced 🎯 Trade Highlights: First Trade: Short – Triggered at 10:05 AM — ✅ 1:1.5 Target Achieved Second Trade: Long – Triggered at 13:40 PM — ✅ 1:1.5 Target Achieved Additional Trade (H&S Pattern): Long – Triggered at 11:40 AM — ✅ Pattern Target Achieved 🧠 Index Performance Snapshot: Nifty 50: +161 Points (+0.67%) Bank Nifty: -277 Points (-0.5%), but a new ATH at 56,098 Nifty 500: +152 Points (+0.69%) Midcap: +644 Points (+1.18%) Smallcap: +74 Points (+0.44%) 📌 Key Levels to Watch 📍 Resistance Zones: 24,330 ~ 24,360 24,480 ~ 24,540 24,800 📍 Support Zones: 24,190 ~ 24,225 23,950 ~ 24,000 (Immediate) 23,820 23,660 ~ 23,710 23,500 23,400 ~ 23,430 23,200 ~ 23,190 🧭 Final Thoughts: "Reversal or Reset? Structure is key. When levels work, respect them. When they break, adapt." ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Nifty levels - Apr 24, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty Analysis EOD - 22nd April 2025🟢 Nifty Analysis EOD - 22nd April 2025 🔴 🧠 Market Background: As highlighted in the previous session analysis, we were expecting a range-bound or narrow-range trading day — and that’s exactly what played out. Nifty opened at 24,185, right below the resistance zone where yesterday’s session had consolidated heavily. Early in the session, price fell below the Previous Day Close (PDC) and took support exactly at the Central Pivot Range (CPR) before staging a sharp move up — breaking both Current Day High (CDH) and Previous Day High (PDH). However, the 24,225 resistance zone acted as a speed breaker, pushing prices back down toward VWAP, which then provided a solid support base. Until around 2:45 PM, Nifty kept forming higher lows, giving hopes for continuation — but then broke the previous swing low, forming a new lower low into the close. 📊 Price Action Insight: Day closed above the CPR zone, which still favors the bullish structure However, on the daily timeframe, a near-perfect Doji candle has formed, with just a 9-point body, indicating indecision or a pause in the trend The intraday range was 170 points, noticeably lower than Nifty’s average range, hinting at contraction In such a case, trading the Doji becomes simple — wait for either high or low to break, but also consider nearby support/resistance confluence for better edge 🎯 Strategic Outlook: A retracement towards 23,660–23,710 or even 23,200 can’t be ruled out — although it's early to confirm Broader sentiment stays bullish, but this Doji suggests a pause or potential reversal — so caution near upper zones is advised Keep tracking key global cues and sector rotation — especially with Midcaps and Smallcaps showing strong resilience 📌 Gladiator Strategy Update ATR: 362.5 IB Range: 129.65 (Medium IB) Market Structure: Balanced Long Trade Triggered at 10:30 AM — ✅ 1:1.5 Target Achieved Second Long Entry at 11:40 AM — ❌ SL Hit 📈 Index Performance Nifty: +42 Points (+0.17%) Bank Nifty: 🔼 New All-Time High at 55,961, closing at 55,647 (+342 pts / +0.6%) Nifty 500: +79 Points (+0.36%) Midcap: +422 Points (+0.78%) Smallcap: +122 Points (+0.73%) 📌 Key Levels to Watch 🔺 Resistance Zones • 24,190 ~ 24,225 • 24,330 ~ 24,360 • 24,480 ~ 24,540 🔻 Support Zones • 23,950 ~ 24,000 (Immediate support) • 23,820 • 23,660 ~ 23,710 • 23,500 • 23,400 ~ 23,430 • 23,200 ~ 23,190 🧘‍♂️ Final Thoughts "Structure is key. When levels work, respect them. When they break, adapt." Stay level-headed, stay prepared. Let the market show you the way. ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Nfity levels - Apr 23, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty Analysis EOD – 21st April 2025 🟢 Nifty Analysis EOD – 21st April 2025 🔴 After the surprise expiry rally… comes the slowdown! 📌 Background After the stunning 414-point move on the weekly expiry day, Friday’s holiday break created the perfect breather. The key question heading into Monday was: “Will Nifty carry forward its momentum and breach 24,050? Or pause for breath?” Turns out, the market chose both – initial enthusiasm, followed by exhaustion and consolidation. 📌 Today’s Price Action Nifty opened at 23,949, right at the resistance zone of 23,950 ~ 24,000. ➤ The IB High was formed at 24,052, triggering a textbook IB Breakout just above the 200 SMA zone.➤ Price moved swiftly towards 24,188 – the Previous Highest Swing Close, and then... paused. From there, a 50-minute tight consolidation followed – one of the narrowest ranges seen in recent sessions, signaling a temporary equilibrium between buyers and sellers. Despite the bullish open and early breakout, Nifty closed at 24,133, just below the major resistance. 📊 Gladiator Strategy Parameters ATR: 383.83 IB Range: 134.20 IB Type: Medium IB IB Day: IB Breakout Market Structure: Imbalanced As per the Nifty Gladiator Strategy, the IB Breakout triggered around 10:45 AM, and the 1x IB target was achieved with clean follow-through. 📌 Technical Observations 📈 On the Daily Timeframe: RSI stands at 65.53, now forming a potential RSI divergence. Short RSI (3 of 3) is in the overbought zone. Momentum remains intact, but the range is cooling off, cautioning intraday traders of potential traps ahead. 👉 A narrow range session or a false IB breakout is likely in the coming session. 📈 Index Performance Nifty: +274 Points (+1.15%) Bank Nifty: New All-Time High at 55,461, closing at 55,295 (+1.87% / +1,014 points) Nifty 500: +324 Points (+1.5%) Midcap: +1,316 Points (+2.5%) Smallcap: +363 Points (+2.2%) Broader market sentiment remained strong and outperformed Nifty. 📌 Important Levels to Watch 🔼 Resistance Zones ➤ 24,190 ~ 24,225➤ 24,330 ~ 24,360➤ 24,480 ~ 24,540 🔽 Support Zones ➤ 23,950 ~ 24,000 (now immediate support)➤ 23,820➤ 23,660 ~ 23,710➤ 23,500➤ 23,400 ~ 23,430➤ 23,200 ~ 23,190 🧠 What’s the Trade Setup Now? Don’t be overly bullish at highs – wait for follow-through or failed breakout confirmation. If price holds above 24,190, then 24,330/24,480 becomes achievable. Failure to sustain above 24,050 could trap late bulls. Let Tuesday’s opening structure guide your bias. 🧘 Final Thought"Structure is key. When levels work, respect them. When they break, adapt." Stay alert as we approach higher resistance zones—momentum remains but risk of whipsaws rises. ✏️ DisclaimerThis is just my personal viewpoint. Always consult your financial advisor before taking any action 🙏
NSE:NIFTY
by kzatakia
Nifty levels - Apr 22, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
$NIFTY in bullish momentum. More upside-expectedDuring the last few days, we have been discussing the weakness in the US Dollar and the TVC:DXY index and what it means for the commodities like Gold ( AMEX:GLD ) and Oil ( TVC:USOIL ). But we never discussed the positive effect it has on the emerging markets like $NIFTY. The index NSE:NIFTY which consists of top 50 stocks based on market cap in India is having a positive momentum divergence after touching the lower bound of the upward sloping Fib retracement levels. Here in this blog space on 17th March we posted that NSE:NIFTY looks oversold and we might be ready for a bounce. We favored going long NSE:NIFTY at 22000. Since then, the RSI bottomed and we up 8% form the lows of 22032. If we still follow the Fib levels from the last blog, the charts are telling us that we might be headed to 25000 before having any meaning full pullback. The index internals look healthy with RSI hovering around 50 and not in overbought territory. And the tailwind to all this is still the US Dollar story. Here we are targeting 95 in the TVC:DXY on a short-term basis. This might push NSE:NIFTY to 25000 and beyond. Verdict : NSE:NIFTY rally continues to 25000; TVC:DXY to 95.
NSE:NIFTYLong
by RabishankarBiswal
Nifty Analysis EOD – 17th April 2025🟢 Nifty Analysis EOD – 17th April 2025 🔴 Weekly Expiry Surprise – A One-Sided Short Covering Rally! 📌 Market Background Before jumping into today’s rally, let’s briefly revisit yesterday’s analysis: “Tomorrow’s weekly expiry + a holiday on Friday = high chance of a rangebound expiry day. Even if we get a gap-up due to global cues or news, I’m not expecting a breach above 23,500.” This view was based on the recent expiry behavior and range contraction, especially with the past two days showing just a 170-point range and the last 10 expiries averaging a 192-point intraday range. But today, the market did what it does best – surprised everyone! 📌 Today’s Price Action Nifty gave a one-sided, mind-blowing short-covering rally on the weekly expiry day. IB High + PDH Breakout triggered a sharp move early in the session. Sustained price action above 23,550 in the morning session activated aggressive short covering. This momentum carried Nifty all the way to an intraday high of 23,872. Closing at 23,852, Nifty registered a new swing breakout, moving above its previous highest swing close. 📊 Intraday Movement Stats Total movement: 574 points 🔥 Nifty: +414 points (+1.77%) Bank Nifty: +1172 points (+2.21%) Nifty 500: +277 points (+1.3%) Midcap: +312 points (+0.60%) Smallcap: +61 points (+0.37%) 📌 Key Observations Bank Nifty is now just 177 points away from its All-Time High closing. Smallcap and Midcap underperformance suggests today’s rally was index-heavy – many portfolios might not reflect the same gains as Nifty. 📉 So, What’s Next at 23,850? Honestly… don’t know! Will it push to 24,050? Or take a pause and pull back for a retracement? With Friday being a holiday, we’ll have to wait until Monday for clarity. 📌 Important Levels to Watch 🔼 Resistance Zones 23,950 ~ 24,000 24,050 24,190 ~ 24,225 🔽 Support Zones 23,820 23,660 ~ 23,710 23,500 23,400 ~ 23,430 23,340 23,200 ~ 23,190 🧠 Strategy Insight Don’t chase. Watch price action around 23,820–23,950. Be flexible. Don’t marry a bias. Let Monday’s opening structure guide your next move.
NSE:NIFTY
by kzatakia
Nifty levels - Apr 21, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe